The week began with the fall in world prices for wheat
After two weeks of growth the wheat quotations traders began to fix profit that has led to lower prices.
the Monitoring showed that the number of crops in good or very good condition rose by 1% to 34%.
the Market is not yet take into account that wheat planted only 30% of the planned areas, compared with 51% on average for 5 years, and shoots were obtained on 4% against the annual average of 22%.
price pressure and a reduction in weekly exports by 17% to 327,6 thousand tons, which is twice lower than the same period last year.
July futures for U.S. wheat fell:
5.97 $/t to 198,23 $/t for solid winter HRW wheat in Kansas city
4,41 $/t to 224,50 $/t on a firm spring HRS wheat in Minneapolis.
- by 5.42 $/t to 187,94 $/t for SRW soft winter-wheat in Chicago
public holidays trading on the French stock exchange was not very active. Prices fall after a speculative correction in Chicago. Good weather conditions promote the planting season. The number of crops in good to excellent condition increased for the week by 1% to 78%.
- September futures milling wheat on MATIF fell by 1.75 €/t to 173,75 €/t (213,61 $/t).